Ambient Finance
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 48 → 59. Problems weighed by who is responsible: incidents the subject suffered −16, concerns that are not fraud −3.2, problems around the subject, caused by others −2; legitimacy credit long-running +10; a recent unresolved incident −4.8; fact-check adjustments (−10) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -16 |
| Problems around it, caused by others | -2 |
| Long-running | +10 |
| Recent unresolved incident | -4.8 |
| Sum | 49 |
Score: 59/100 (kept between 0 and 100)
How scoring works →Summary
Ambient Finance (formerly CrocSwap, operated by Crocodile Labs) is a decentralized exchange protocol running its entire DEX inside a single smart contract, deployed on Ethereum and several Layer 2 networks. The project raised $6.5 million in a seed round in July 2023 from credible institutional investors including BlockTower Capital, Jane Street, and Circle Ventures. It has experienced two notable security incidents: a DNS hijacking attack in October 2024 that compromised its frontend, and an on-chain smart contract exploit in June 2026 that resulted in approximately $110,600 in losses.
Connected Entities
8 entities · 60 linked investigations- Fogo→mentioned with→Ambient Finance(75%)
- Fogo→mentioned with→Firedancer(65%)
- Scroll→mentioned with→Ethereum(80%)
- Uniswap→mentioned with→Ethereum(80%)
- Inferno Drainer→mentioned with→Ethereum(70%)
- Blast→mentioned with→Ethereum(80%)
- Ambient Finance→mentioned with→Inferno Drainer(80%)
- Ambient Finance→mentioned with→Uniswap(65%)
- Ambient Finance→mentioned with→Blast(70%)
- Ambient Finance→mentioned with→Scroll(70%)
- + 4 more
Timeline(8 events)
2021
Crocodile Labs founded by Douglas Colkitt; protocol developed under the name CrocSwap
Rootdata / SoSoValue11 July 2023
Ambient Finance (formerly CrocSwap) raises $6.5 million seed round led by BlockTower Capital; investors include Jane Street, Circle Ventures, Naval Ravikant, Quantstamp, and others at $80M network valuation
CrocSwap Medium / CoinCarpMarch 2024
Ambient Finance launches on Blast mainnet; Ambient Points Season 1 goes live, coinciding with significant TVL growth
ambient_finance on X17 October 2024
Ambient Finance frontend DNS hijacked; Inferno Drainer malware deployed via malicious domain clone; team warns users not to interact with the site
CoinTelegraph19 October 2024
Ambient Finance recovers domain; transfers to hardened registrar; team confirms on-chain contracts and protocol funds unaffected; states affected users were reimbursed
Cryptopolitan21 October 2024
Ambient Finance issues all-clear; frontend confirmed safe to interact with again
ambient_finance on X8 June 2026
Ambient Finance suffers on-chain exploit on Ethereum; approximately $110,600 drained; TenArmorAlert discloses the incident; funds routed through Uniswap V4
Crypto TimesDecision Log
- slot 456641892 · hash F7VqQQWGJ5VNwvy3UgiFeUtSnK41b1CxMWW9E5BZxFxt
- slot 455364063 · hash 7sURp171KNkvEk5v8gjcuW3u3kBsAicinJiC1fCLi2o1
- slot 443524512 · hash BpKGMxTA6vV3Npngbgz9RVC5oUJWLcWewm7STDUps3Ws
- slot 443524408 · hash 3cnbA9vGycECfCse5bz9xKw6UCWpiXBiXVohky2cphZS
- slot 426517219 · hash 7zXQy3NQxxavojFxnz9qiwLjWdVg5PXVP4mxRUcj73qb
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 15 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/14/2026, 11:35:19 PM
last updated: 10/10/2026, 6:44:20 PM
9 viewsavoid.net — verified advice for a post-truth world